As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
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One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
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In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
Trump has criticized Facebook numerous times since becoming president, most recently posting on Twitter that the company's proposed digital currency, libra, will "have little...Technologyread more
Republicans and Democrats have long since separated themselves by ideology, leaving each more uniformly conservative or liberal than ever. And now a new data analysis by the...Politicsread more
Check out which companies are making headlines after the bell Wednesday:
Chevron - The oil giant said it expects third-quarter earnings to be lower than in the prior quarter. Shares declined in extended-hours trading.
Ruby Tuesday - The restaurant chain posted a loss of 36 cents a share on sales of $290 million, disappointing Wall Street expectations for a loss of 5 cents a share on revenue of $298 million. In addition, the company said it anticipates same-store sales to be down high single digits in the second quarter with sequential improvement in the third and fourth quarters, including positive same-restaurant sales in the fourth quarter. Shares plunged in extended-hours trading.
Zumiez - The teen clothing retailer posted September same-store sales that slipped 0.6 percent, which was slightly better than expectations for a loss of 0.8 percent. Shares rose in extended-hours trading.
Citrix Systems - The software company said it expects to report earnings of between 68 cents a share and 69 cents a share, excluding items, on revenue of between $710 million and $712 million, below current Wall Street expectations for 73 cents a share on sales of $737 million. The company is scheduled to post its results on Oct. 23. Shares declined sharply in extended-hours trading. VMWare, EMC and Salesforce.com also traded lower following the announcement.
Tiffany - Sterne Agee lifted its rating on the luxury jewelry to "buy" from "neutral" and boosted its price target to $86 from $80. Shares edged higher in extended-hours trading.
Aruba Networks - The computer networking company announced an additional $100 million in share repurchase authorization. Shares rallied in extended-hours trading.
Buckeye Partners - The petroleum distributor said it will acquire 20 liquid petroleum products terminals from Hess for approximately $850 million. Shares of both companies edged lower in extended-hours trading.
Ariad Pharmaceuticals - The pharmaceutical company was downgraded to "hold" from "buy" at Maxim Group, sending shares lower in extended-hours trading.
Cubist Pharmaceuticals - The biopharmaceutical company was initiated with an "outperform" rating and a $81 price target at Oppenheimer. Shares ticked higher in extended-hours trading.
Ctrip.com - The Chinese travel agency company announced a proposed offering of $500 million in convertible senior notes. Shares slid in extended-hours trading.